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Press Release​s​

Ginnie Mae Finalizes Revised Requirements for Pooling Re-Performing Mortgage Loans with APM 23-03
Published Date: 2/1/2023 9:30 AM

WASHINGTON, D.C.—On Wednesday, Ginnie Mae revised the pooling requirements for re-performing loans with the publication of All Participants Memorandum (APM) 23-03. The APM announces a reduced seasoning period for re-performing loans and that Ginnie Mae will allow re-performing loans that meet those requirements to be pooled into the TBA Eligible Multi-Issuer Pools.

Per APM 23-03, the reduced seasoning requirements for re-performing loans are:

(1) The borrower has made timely payments for the 3 months immediately preceding the issuance month associated with the mortgage-backed securities (MBS), and

(2) The MBS issue date is at least 120 days from the last date the loan was delinquent.

Please consult the APM for more detailed information regarding this change.

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About Ginnie Mae

Ginnie Mae is an entirely government-owned corporation that attracts global capital into the housing finance system to support homeownership for veterans and millions of homeowners throughout the country. Ginnie Mae mortgage-backed security (MBS) programs directly support housing finance programs administered by the Federal Housing Administration, the U.S. Department of Veterans Affairs, the U.S. Department of Housing and Urban Development’s Office of Public and Indian Housing, and the U.S. Department of Agriculture’s Rural Housing Service. Ginnie Mae is the only MBS to carry the explicit full faith and credit of the United States Government.